Rio Tinto: Iron Ore Price Settled With Most Asian Customers
01 6월 2009 - 10:48PM
Dow Jones News
Anglo-Australian miner Rio Tinto PLC (RTP) said Monday it had
settled 2009 iron ore contracts with most major Asian customers
after finalizing deals with South Korea's POSCO (005490.SE), and
Taiwanese steelmakers China Steel Corp. (2002.TW) and Dragon Steel
Corp.
Rio Tinto, the world's second-biggest producer of seaborne iron
ore, last week said it agreed to cut 2009-10 iron ore prices for
Japan's Nippon Steel Corp. (5401.TO) by 33%-44%. The Korean
Taiwanese settlements are on the same terms, Rio said.
"We continue to negotiate with our remaining customers, the bulk
of whom are in China," Rio Tinto chief executive for iron ore Sam
Walsh said in a statement.
Chinese steelmakers have pressed for steeper cuts.
Company Web site: www.riotinto.com
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347;
jeffrey.sparshott@dowjones.com